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Hasiye
Hasiye is a 58-year-old woman, married with eight children. She is IDP and lives in Bilasuvar IDP Settlement. Hasiye has bred cattle and sheep for the last 20 years. She was a housewife and her husband`s salary was too low to cover the family's need, so Hasiye decided to start her business.

Hasiye usually buys small calves, raises and fattens them for 5-6 months and then resells them in the livestock market. Her monthly income is 110 AZN; this business is main source of income for her family.

Meat is in very high demand in Azerbaijan. People use it in everyday dishes like pilau and dolma. Hasiye wants to expand her business and improve the living conditions of her family. She has applied for a 2,500 AZN loan to purchase three cattle and fodder. She has already successfully completed more than five loans and is a trusted client of AqroInvest!

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities. 

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $6,171
    Average annual income
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $14,042,275
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Hasiye to buy three cattle and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Feb 11, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014